Transcript of "Fortune minerals Investor Presentation October 2013"

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Investor Presentation
October 2013

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This document contains certain forward-looking information. This forward-looking information includes, or may be based upon,
estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of
the Company’s mineral resources, progress in development of mineral properties, timing and cost for placing the Company’s
mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s
mineral resources, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking
information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety
of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral
properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost
overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future,
uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral
resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking
information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not
be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company
assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.
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Validation of Arctos with strategic partnership with POSCO – one of the world’s largest steel companies
 Among top 200 global companies - US$ 58 billon revenue - US$ 25 billion market capitalization
 Lead innovator in global steel industry
 Raw materials investment for vertical integration
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POSCO Canada acquired 20% joint venture interest based on template of similar investments in resource projects
 $30 million paid to Fortune, $20 million contributed directly to the JV to advance permitting
 20% of total development & capital costs – $158 million under current estimates
 20% of operating costs for 20% of production in-kind for their own use
 Management Committee comprised of Fortune & POSCO representatives overseeing development
 Fortune is Project Operator - compensated for providing support over life of mine
POSCO Gwanyang steel plant